Equity
€512 from €1.1m in 2007
Equity fell by 100% in 19 years.
ORBIS
Lifetime
20 annual accounts with figures on one time axis, 25 filings since 2002peak €57,231 (2018)
-€13,881▼ €5,009
lowest -€329,676 (2008)
-€39,999▼ €31,059
peak €1.1m (2007)
€512▼ 97.5%
€49,682▲ 86.5%
Board5 names since 2018
2 directorsDE GRAEVE Dirk and 1 other
Owners5 names in the annual accounts
Documentsfilings and deeds
23-09-202638 days before the deadline
2026abbreviated format
Gross margin from -€8,872 to -€13,881Loss of €39,999Equity from €20,511 to €512Debts from €26,644 to €49,682Cash from €4,704 to €481
Key points
from the 2026 annual accountsLosses
-€58,479 in three years
Every financial year from 2024 to 2026 closed with a loss. 2026 was the heaviest.
Debts
€49,682 99% of the balance sheet
After one year 6%Within one year 94%
Of this, €46,810 falls due within a year.
Filings
25 annual accounts since 2002
The last five annual accounts were filed 14 to 38 days before the end of the period.
At the same address
22 companies
Subsidiaries
-€46,292
Subsidiary with negative equity. PANDA · loss of €8,621 in 2025.
Turnover not published (abbreviated or micro format)
Checked score
53
Fair
Financially stronger than 7% of micro companies without a NACE code
Probability in this band: 1.5% to 4.2%
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59.
Bankruptcy probability within 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%
About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.9%
01-2025: 0.9%● unchanged vs 12-2024
02-2025: 0.9%● unchanged vs 01-2025
03-2025: 0.9%● unchanged vs 02-2025
04-2025: 0.9%● unchanged vs 03-2025
05-2025: 0.9%● unchanged vs 04-2025
06-2025: 0.9%● unchanged vs 05-2025
07-2025: 0.9%● unchanged vs 06-2025
08-2025: 0.9%● unchanged vs 07-2025
09-2025: 1.0%▲ +0.1 percentage points vs 08-2025
10-2025: 1.2%▲ +0.2 percentage points vs 09-2025highest value
11-2025: 0.5%▼ -0.7 percentage points vs 10-2025
12-2025: 0.5%● unchanged vs 11-2025
01-2026: 0.5%● unchanged vs 12-2025
02-2026: 0.5%● unchanged vs 01-2026
03-2026: 0.5%● unchanged vs 02-2026
04-2026: 0.5%● unchanged vs 03-2026lowest value
05-2026: 0.5%● unchanged vs 04-2026lowest value
06-2026: 0.5%● unchanged vs 05-2026lowest value
07-2026: 0.5%● unchanged vs 06-2026
08-2026: 0.5%● unchanged vs 07-2026
09-2026: 0.6%▲ +0.1 percentage points vs 08-2026
10-2026: 0.9%▲ +0.3 percentage points vs 09-2026
11-2026: 0.9%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year
Loss of €39,999, the second in a row (financial year 2026)
lowers risk
Size: total assets €50,194
Founded in 2000
Figures for financial year 2026 (filed on 25-09-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, micro). It does better than 16% of them on solvency, 5% on liquidity, 4% on profitability and 4% on growth.
The bankruptcy probability was computed on 06-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-03-2026.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 540 companies had the same profile as ORBIS has now. Each dot stands for 2 companies, two years later.
85.7%
were still trading
8.3%
stopped another way
5.2%
went bankrupt
Another 0.7% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of ORBIS itself is lower: 0.9% within 12 months. It rests on far more data about ORBIS than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 540 companies, not a prediction for ORBIS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No publishable credit limit, so credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is tight, with a current ratio of 1.07 (1.79 in 2025), below the usual 1.5. Short-term debt is 93.3% and cash 1% of total assets. 99% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2025 and 2026); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2026Net result per financial year
1920212223242526
2019 to 2026 · latest year -€39,999
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 23-09-2026, 38 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
38 days early
2025
21 days early
2024
14 days early
2023
28 days early
2022
24 days early
2021
13 days early
2020
37 days early
← before the deadline
after the deadline →
tick = median of all Belgian filings
The company filed its last 7 accounts on average 25 days before the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. The company usually files around 7 October (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
07-11-2026 today31-03-2027 year end31-10-2027 deadline
Board and ownership
- DIVANI 100%score 93equity €71.1m (2025) · 15-12-2025 annual accounts of DIVANI
- DDG Invest BV consolidatesequity €17.6m (2025) · annual accounts 31-03-2021
- Green Park Investments BV consolidatesequity €14.2m (2025) · annual accounts 31-03-2021
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0472307054
Capital increase of €20,000 to €120,000
Capital from €100,000 to €120,000, 408 new shares · Capital contribution: inbreng in natura · Resignations: WIREWOOD BENELUX FRANCE, TELUS PROPERTIES and R.N.A. · General meeting of 15-05-2025 · Gazette deed
3 directors reappointed
WIREWOOD BENELUX FRANCE, TELUS PROPERTIES and R.N.A. · Permanent representatives: DE GRAEVE Frank, DE GRAEVE Dirk and PERNEEL Frederick · General meeting of 06-12-2023 · Gazette deed
First establishment
Kortrijksesteenweg 1052, Ghent
Official details
Source: KBO- Status
- Active since 05-07-2000Normal situation
- Registered office
- 23 active companies are registered at this addressSource: KBO register, as of 7 November 2026.
- Activity
- “Voor eigen rekening” (deed in Dutch)From the articles, 37 activitiesNo NACE code in the KBO yet
- Establishment unit
- 2.097.547.4979051 Ghent, since 05-09-2000
- Financial year end
- 31 March
- Peppol
- Reachable since 19-10-2025
Annual accounts to 31-03-2026
- €50,194▲ 6.4%
- Filing
- Filed on 23-09-2026, 38 days before the end of the filing period
Companies linked to ORBIS
Parent and group
Shareholders
- Carinvest0.5%
Insights on ORBIS
ORBIS files the abbreviated format. That format states no turnover. The gross margin rose from -€42,702 in 2017 to -€13,881 in 2026.
DIVANI holds all the shares. In May 2025, three directors stepped down.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about ORBIS
- What is the company number of ORBIS?
- The company number of ORBIS is 0472.307.054. The VAT number is the same number with BE in front: BE 0472.307.054.
- Where is ORBIS based?
- The registered office is at Kortrijksesteenweg 1052, 9051 Ghent.Company details
- What is the legal form of ORBIS?
- ORBIS is a public limited company (NV).
- When was ORBIS founded?
- ORBIS was founded on 05-07-2000.
- Is ORBIS still active?
- Yes, ORBIS is an active enterprise in the KBO register.
- What is the turnover of ORBIS?
- The annual accounts for financial year 2026 state no turnover. The abbreviated or micro format does not require it.Financials
- Is ORBIS profitable?
- In financial year 2026, ORBIS made a loss of €39,999.
- Where can I find the annual accounts of ORBIS?
- ORBIS filed 25 annual accounts with the National Bank of Belgium, the latest for financial year 2026.
- When are the next annual accounts of ORBIS due?
- ORBIS must file the annual accounts for financial year 2027 by 31-10-2027.Timeline
Next steps
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